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FTX, which attracted attention with the great collapse it experienced in the cryptocurrency market in 2022, gave good news to its customers. The company announced that it will refund the funds they lost in cash with interest. This development was greeted as a great relief for investors who suffered from the crisis experienced by the platform during the bankruptcy process.
In his statement, FTX’s CEO shared the details of the refund plan and stated that customer funds will be returned safely. It was announced that the refund process will be made in certain stages and the first payment tranche will take place in the last quarter of 2024. During this process, in addition to customers’ investments, the interest calculated due to the losses will also be paid back.
This move is considered as an effort to rebuild FTX’s reputation. The company has taken this step towards customers in order to compensate for the loss of trust after the bankruptcy process and to re-establish its position in the cryptocurrency market.
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FTX’s bankruptcy went down in history as a crypto scandal that negatively affected many investors around the world. This move by the company is interpreted as both an opportunity to regain customer trust and a development that will increase confidence in the cryptocurrency market.
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